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ACTELIS NETWORKS INC 10-Q Filings

ASNS OTC

Every 10-Q that ACTELIS NETWORKS INC (ASNS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow ASNS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ASNS filings page.

Rhea-AI Summary

Actelis Networks, Inc. reported higher sales but continued losses for the quarter and six months ended June 30, 2026. Revenue reached $1.1M for the quarter and $2.1M for the first half of 2026, up from $0.9M and $1.7M in the prior-year periods, driven mainly by expansion with U.S. and EMEA carriers and a stronger software mix.

Gross profit improved to $0.6M for the quarter and $0.8M year-to-date, while operating expenses stayed roughly flat, leading to a reduced operating loss of $1.6M for the quarter and $3.4M for the first half. Net loss was $1.4M for the quarter and $3.8M year-to-date, similar to the prior year on a year-to-date basis, with foreign-exchange effects and ELOC-related commitment fee expenses largely offsetting better operating performance and a gain from remeasuring pre-funded warrant liabilities.

Cash, cash equivalents and restricted cash rose to $5.7M at June 30, 2026, helped by $7.3M of gross ATM equity proceeds, partly offset by a $1.0M share repurchase. Management disclosed recurring losses, negative operating cash flows and an accumulated deficit of $56.2M, concluding that substantial doubt exists about the company’s ability to continue as a going concern. Shares were delisted from Nasdaq in April 2026 and now trade on the OTCQB.

Rhea-AI Summary

Actelis Networks reported Q1 2026 revenue of $958,000 and a net loss of $2.46 million, as higher sales were more than offset by increased costs and financial charges. Operating loss was $1.86 million and adjusted EBITDA was a loss of $1.79 million, indicating the core business remains unprofitable.

Cash, cash equivalents and restricted cash rose to $7.55 million, helped by issuing 18.4 million new shares via an at-the-market program for roughly $6.9 million in net proceeds, partially offset by repurchasing 2.67 million shares for about $1.0 million. Management states there is substantial doubt about the company’s ability to continue as a going concern.

During the quarter Actelis was delisted from Nasdaq and moved to the OTCQB market, limiting liquidity. It also signed a binding all-stock term sheet to acquire Exaware, targeting a post-transaction value split of about 40% for Actelis and 60% for Exaware, subject to definitive agreement and customary approvals.

Rhea-AI Summary

Actelis Networks (ASNS) reported third‑quarter results and updated liquidity. Q3 2025 revenue was $0.643 million with a net loss of $1.98 million. For the first nine months, revenue totaled $2.305 million and net loss was $5.741 million.

Management disclosed that current resources are insufficient for at least one year, raising substantial doubt about the company’s ability to continue as a going concern. Cash, cash equivalents and restricted cash were $1.758 million as of September 30, 2025, while operating cash outflow was $5.626 million year‑to‑date.

The company supplemented liquidity through financing: an ATM program (gross $2.637 million year‑to‑date), a July 2025 private placement (gross $1.0 million), a September 2025 warrant inducement (gross ~$1.6 million), and a September 2025 PIPE (gross $0.85 million). Shares outstanding were 17,477,860 as of November 12, 2025.

Rhea-AI Summary

Actelis Networks, Inc. (ASNS) reported continuing losses and limited liquidity in its Form 10-Q. For the six months ended June 30, 2025, GAAP net loss was $3.761 million compared with $2.064 million a year earlier; operating loss was $3.585 million versus $1.805 million. The company recorded negative cash flows from operations of $3.218 million for the six months ended June 30, 2025 (vs. $2.343 million in 2024) and an accumulated deficit of $48 million. Cash and restricted cash equivalents total about $0.7 million, with additional short-term restricted deposits of $71 thousand and longer-term deposits of $30–93 thousand. Management states it has funded operations with equity and debt, completed ATM/placement offerings raising approximately $1.75 million and $0.35 million (gross), and is taking cost-reduction measures. Management also concluded there is substantial doubt about the company’s ability to continue as a going concern for at least one year. A Nasdaq Notification Letter was received but has no immediate effect and the common stock continues to trade under ASNS.